Working Capital – Last Jeudi http://lastjeudi.org/ Tue, 20 Jul 2021 03:30:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://lastjeudi.org/wp-content/uploads/2021/03/cropped-icon-1-32x32.png Working Capital – Last Jeudi http://lastjeudi.org/ 32 32 The Fiji Times »Tourism initiatives impress Whitton https://lastjeudi.org/the-fiji-times-tourism-initiatives-impress-whitton/ https://lastjeudi.org/the-fiji-times-tourism-initiatives-impress-whitton/#respond Tue, 20 Jul 2021 01:33:00 +0000 https://lastjeudi.org/the-fiji-times-tourism-initiatives-impress-whitton/ Tourism leader Tony Whitton has expressed relief at the number of tourism initiatives announced in the 2021/2022 national budget. Rosie Travel Group CEO said Economy Minister Aiyaz Sayed-Khaiyum also rightly noted that tourism is the economic engine of the country. “A number of targeted discounts for tourism initiatives were announced this evening (Friday) for which […]]]>


Tourism leader Tony Whitton has expressed relief at the number of tourism initiatives announced in the 2021/2022 national budget.

Rosie Travel Group CEO said Economy Minister Aiyaz Sayed-Khaiyum also rightly noted that tourism is the economic engine of the country.

“A number of targeted discounts for tourism initiatives were announced this evening (Friday) for which we are grateful,” said Mr. Whitton.

“This includes duty-free discounts for the construction of new hotel complexes as part of a short-term investment program (SLIP) to cover international visitors when the borders reopen.

“What stood out to me the most was the announcement of the new Fijian Business Working Capital Fund support for small and large businesses. “

Mr Whitton said resilient but long-suffering tourism businesses that had been closed for nearly a year and a half would be encouraged by the announced Fiji Reserve Bank working capital support facility of $ 200 million without two-year interest.

He said it would provide vital working capital on favorable terms to ensure tourism businesses don’t close.

“When the borders reopen, it can create new jobs and help rebuild the economy. “

Mr. Sayed-Khaiyum, in his budget speech, said under the SLIP, that new hotel investment projects would be offered five-year tax exemptions for capital investments of $ 250,000 to $ 1 million. of dollars, a seven-year tax exemption for investments between 1 and 2 million dollars. and a 13-year tax holiday for capital investments exceeding $ 2 million.

A 20-year tax holiday would be offered for investments over $ 40 million.



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How far can Arc Minerals (ARCM.L) shares rise amid a big deal with Sturec? https://lastjeudi.org/how-far-can-arc-minerals-arcm-l-shares-rise-amid-a-big-deal-with-sturec/ https://lastjeudi.org/how-far-can-arc-minerals-arcm-l-shares-rise-amid-a-big-deal-with-sturec/#respond Mon, 19 Jul 2021 08:12:42 +0000 https://lastjeudi.org/how-far-can-arc-minerals-arcm-l-shares-rise-amid-a-big-deal-with-sturec/ Arc Minerals shares posted positive momentum throughout the year. From January, stocks started to rise rapidly. The share price in January was 6.3000 GBP. The following month, shares reached 6.8000 GBP. And in March, they also increased and stood at 7,500 GBP. From April to May, the shares fell to 5,600 GBP. To date, the […]]]>


Arc Minerals shares posted positive momentum throughout the year. From January, stocks started to rise rapidly. The share price in January was 6.3000 GBP. The following month, shares reached 6.8000 GBP. And in March, they also increased and stood at 7,500 GBP. From April to May, the shares fell to 5,600 GBP. To date, the share price is 40,000 GBP.Arc Minerals has signed an option agreement worth US $ 8 million to sell its Sturec gold project in Slovakia to MetalsTech Limited with the aim of exiting the gold interest. You will receive a non-refundable option fee of AU $ 30,000. Once MetalsTech exercises the option, you will receive a total of AU $ 750,000 in cash and royalties capped at 7 million ounces of gold.

MetalsTech will pay Arc an additional royalty of AUD 2 per ounce of gold. Arc said it will use the proceeds from the sale for exploration and development activities in Zambia and for general working capital purposes. Last week, Arc also revealed its intention to sell its entire 99.43% stake in Casa Mining Limited in the Democratic Republic of the Congo to Century Capital Management Ltd, a Canadian private equity group, for full consideration. up to $ 9.8 million.



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How dragging the Biden administration’s feet is killing the arts https://lastjeudi.org/how-dragging-the-biden-administrations-feet-is-killing-the-arts/ https://lastjeudi.org/how-dragging-the-biden-administrations-feet-is-killing-the-arts/#respond Sun, 18 Jul 2021 10:40:11 +0000 https://lastjeudi.org/how-dragging-the-biden-administrations-feet-is-killing-the-arts/ Few organizations have suffered more than nonprofit theaters in the last 16 months of the pandemic. Continuing uncertainty surrounds reopening, in part due to the government’s extremely slow response to providing the necessary funds to resume performances. Unlike restaurants and bars, which have minimal costs to resume operations if they keep their space and inventory, […]]]>


Few organizations have suffered more than nonprofit theaters in the last 16 months of the pandemic. Continuing uncertainty surrounds reopening, in part due to the government’s extremely slow response to providing the necessary funds to resume performances.

Unlike restaurants and bars, which have minimal costs to resume operations if they keep their space and inventory, many venues say they can’t just open because they need the money to rehearse, build sets, advertise and produce events.

Live performance charities large and small are in deep financial holes. New York’s Metropolitan Opera faces colossal $ 150 million shortfall, opera thread reported. The Opera projected to generate $ 49 million in box office revenue this fall, down $ 88 million from its revenue for the 2019-2020 season interrupted by COVID-19.

Live entertainment venues were among the first businesses to close, and they will almost certainly be among the last to reopen. Senator Amy Klobuchar

This estimate from last year came alongside a prediction from Metropolitan Opera chief executive Peter Gelb that it would take years for the company to return to its usual totals again due to the gloomy outlook for tourism, according to Operawire.

The Bootleg Theater, a staple of Los Angeles’ arts and culture scene for more than two decades, hasn’t been so lucky. It was strength close its doors as the city began to reopen.

“We are in a public health and economic crisis, and the live performance industry has been particularly affected during the coronavirus pandemic”, Senator Amy Klobuchar (D-Minn.) Said in the Senate in December. “These live entertainment venues were among the first businesses to close, and they will almost certainly be among the last to reopen. “

Half closed

Almost half of nonprofit arts and culture organizations offering in-person programs remain closed, and about half of them have no scheduled return date, Americans for the Arts found in a June 28 poll.

Many of these nonprofits have said they lack funds to reopen. More than two-thirds of these poorly funded arts organizations said they expect raising enough money to reopen the doors to take three months or more, according to the survey.

In an updated report two weeks later, Americans for the Arts reported 39% of organizations offering in-person programs were still closed to the public. Most of these groups aim to resume their in-person activities this year.

Many non-profit theaters do not have working capital. Like millions of cash-strapped Americans, they struggle from performance to performance, much like those who live on paychecks with no savings.

“When you produce a show, you put money in the bank to produce the next show,” said Chris Serface, president of the American Association of Community Theaters.

Serface is also artistic director for Tacoma (Wash.) Little Theater. “We’ve been in the dark for a long time, so we don’t have that capital to go on and produce a show again,” Serface told me.

As if financial instability weren’t enough to last, even though Congress has allocated money to theaters, so far they have only received a trickle of cash, said Serface and other.

The Save Our Stages Act – a bipartisan bill spearhead by Klobuchar and Senator John Cornyn (R-Texas) – was included in the $ 900 billion stimulus bill last December. It has allocated $ 15 billion to struggling arts and cultural venues through the Shuttered Venue Operators Grant.

Slowdown at SBA

Arts grants and the like, administered by the Small Business Administration, were supposed to be easier to apply for than Paycheck Protection Program loans.

The deployment was fragile at best. Weeks after the April start date, the SBA blamed “technical difficulties for not approving requests and sending funds. SBA reported by June 9, it had awarded grants to less than 1% of the more than 14,000 applicants.

Christopher Mannelli, executive director of the Geva Theater Center in Rochester, NY, applied for a grant in April. It took two months for the SBA to inform them that the agency had reviewed its documents.

“It’s supposed to be emergency funding, and it sure didn’t happen at all on time – and we all have urgent needs,” Mannelli said.

The latest SBA report detailed a significant improvement in the distribution of grants because the program got off to such an atrocious start.

The agency has distributed nearly 4,000 grants since the debacle in early June, according to its July 6 report. This is less than a third of the grants requested.

And apart from the bipartisan criticism voiced by Cornyn and Klobuchar of the SBA for its botched implementation, there is no indication of further federal help soon.

“I expect the performing arts field to think this is a two to three year pandemic,” said Tamara Keshecki, associate researcher at the UMass Amherst School of Public Policy. She is also a member of the board of directors of the New York Independent Venue Association, which represents independent performing arts groups and organizations based in the state.

“It won’t be like ‘we got grants, we’re reopening and everything is back to normal,'” Keshecki said.

In June, Washington State survey most COVID-19 restrictions, join virtually all other state governments allowing businesses to operate at full capacity. But Serface said that doesn’t guarantee the public will start buying tickets again.

His theater welcomed a few people into its summer youth program in early July, but Serface said there was no way to predict how willing the audience would be to return.

Still, the Tacoma Theater somehow plans to resume shows in the fall, when the production season typically begins.

“That’s the big question that none of us really know the answer to because it’s different all over the country,” Serface said. “There are a lot of variables that make a lot of people nervous, and these are some of the struggles we’re all going to face in the future.”

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Activist investor collaborates with company to increase profits and improve working conditions for women https://lastjeudi.org/activist-investor-collaborates-with-company-to-increase-profits-and-improve-working-conditions-for-women/ https://lastjeudi.org/activist-investor-collaborates-with-company-to-increase-profits-and-improve-working-conditions-for-women/#respond Sat, 17 Jul 2021 12:12:48 +0000 https://lastjeudi.org/activist-investor-collaborates-with-company-to-increase-profits-and-improve-working-conditions-for-women/ sturti | E + | Getty Images Company: Asbury Automotive Group Inc. (ABG) Business: Asbury Automotive Group is an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, spare parts and collision repair services. The company also offers […]]]>


sturti | E + | Getty Images

Company: Asbury Automotive Group Inc. (ABG)

Activist: Impact capital

Percentage of ownership: 5.02%

Average cost: $ 105.34

Activist comment: Impactive Capital is an activist hedge fund founded in 2018 by Lauren Taylor Wolfe and Christian Alejandro Asmar, both formerly of Blue Harbor. In just three years, they have made a name for themselves as ESG – environmental, social and governance – oriented activists. Impactive will use all of the traditional operational, financial and strategic tools used by activists, but will also implement the ESG change they deem important to the business and that drives business profitability and shareholder value.

What is happening:

Impactive Capital has declared a 5.02% stake in ABG for investment purposes.

In the wings:

This was one of Impact’s first positions when they launched the fund – they bought it in the 1960s and continued to build it. The company has an attractive, recurring revenue razor / blade model, with new and used car sales being the “razor” and the parts and service industry being the “blade”. The company has achieved compound profits above 25%, has a yield on free cash of 10% and there are many growth opportunities for it to continue to generate profits above 25% in the future.

First of all, Asbury Automotive implemented Clicklane to give it e-commerce capabilities online, which allows it to compete with Carvana, thus driving its growth. Second, there are strategic acquisition opportunities to increase revenue and profit, and the company has shown that it can be disciplined acquirers of good companies. For example, in December 2019, the company struck a deal to acquire the Park Place business for around $ 1 billion, negotiating a very favorable $ 10 million termination right, which it ended up paying when it terminated the agreement. Six months later, the company re-engaged with Park Place at lower prices and more flexible financing terms for a new purchase price of $ 889.9 million. Third, the company’s parts and services business has been underprivileged due to pandemic-related downturns and labor shortages preventing it from operating near full capacity.

Impactive has an impressive track record in providing solutions to operational issues like this, which also reinforce ESG considerations. For example, to address the problem of labor shortages, the company reached out to businesses run by women to bring more female mechanics to collision centers. To do this, they put in place two shifts a day to better accommodate daycare centers, built separate locker rooms and bathrooms for women and men, and became the first publicly traded car dealership to offer a maternity leave. While 98% of mechanics are men, ABG can solve their manpower problem by hiring a significant portion of the remaining two percent and hopefully increase the percentage of female mechanics in the workplace. If that ratio were to go from 98/2 to 90/10, it would add a huge amount of work to the pool of mechanics. These changes in its workforce could help accelerate growth in its most profitable business segment – parts and labor – from mid to high single digit where it sits today. two digits. This is a perfect example of Impact’s investment thesis: using ESG to drive value creation and profitability.

Impactive Capital has owned this share for years, but very discreetly. While they enjoy being on corporate boards, it probably won’t happen here for several reasons. First, the company has an exceptional management team who have exploited it impressively over the years, generating significant shareholder value. Second, the board has shown it to be diligent and disciplined in focusing on shareholder value – the negotiation and renegotiation of the Park Place acquisition is proof of that. And third, Impactive appears to have an excellent relationship with the board of directors and management who have shown they are receptive to considering reasonable suggestions from shareholders.

Ken Squire is the founder and chairman of 13D Monitor, an institutional research service on shareholder activism, and the founder and portfolio manager of 13D Activist Fund, a mutual fund that invests in a portfolio of 13D activist investments. . Asbury Automotive Group is owned by the fund.



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24 stocks that could fall after profits https://lastjeudi.org/24-stocks-that-could-fall-after-profits/ https://lastjeudi.org/24-stocks-that-could-fall-after-profits/#respond Fri, 16 Jul 2021 01:17:17 +0000 https://lastjeudi.org/24-stocks-that-could-fall-after-profits/ Text size ViacomCBS meets the criteria for stocks that could experience a dramatic drop the day after their earnings are released. Tiffany Hagler Gear / Bloomberg The second quarter earnings season kicked off this week with the big banks in the lead. But even with a booming economy and many stocks at or near record […]]]>


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Sharp increase in risk-debt investments in the first half of 2021 https://lastjeudi.org/sharp-increase-in-risk-debt-investments-in-the-first-half-of-2021/ https://lastjeudi.org/sharp-increase-in-risk-debt-investments-in-the-first-half-of-2021/#respond Wed, 14 Jul 2021 22:30:00 +0000 https://lastjeudi.org/sharp-increase-in-risk-debt-investments-in-the-first-half-of-2021/ Chennai: A lesser-known form of risky financing – risky debt – saw a sharp increase in the first half of 2021 with nearly $ 170 million in risky debt deals concluded, up from $ 55 million in H2-2020 and $ 64 million in H1 2020, according to Venture Intelligence data. Total deal count and average […]]]>


Chennai: A lesser-known form of risky financing – risky debt – saw a sharp increase in the first half of 2021 with nearly $ 170 million in risky debt deals concluded, up from $ 55 million in H2-2020 and $ 64 million in H1 2020, according to Venture Intelligence data. Total deal count and average deal size are also at an all-time high, VC firms say, as late-stage startup founders find new, specialized use cases for risk-based debt with models. clearer commercials. They also organize rounds of table with venture capital debts to have better leverage on their books, and look for more variations in products besides term loans and consider options such as bill financing, supplier financing, etc., they added.
Venture capital firm Alteria Capital said it has funded more than 20 companies with total commitments of $ 90 million in the first half of 2021 in what could be the largest deployment in a six-month period. Some recent transactions include investments in Infra.Market, Dealshare, Bharatpe, Rebel Foods, Mensa Brands.
“One area that has been developed recently is the Thrasio model where we have partnered with Mensa Brands with an initial commitment of $ 10 million,” said Vinod Murali, Managing Partner of Alteria Capital. For the Thrasio model – where mainstream brands are identified and acquired – the concept of leverage has to be in place for the model to be attractive, and although large equity checks are involved, debt has also become. an important element, he added.
Ashish Sharma, CEO of InnoVen Capital, said that with more venture capital available, more startups are moving into fundraising, and some of these entrepreneurs are looking to mix both equity and debt into their turns. “More equity means a better ability of the startup to service debt and therefore the equity boom has been positive for risky debt,” he added. Another risky debt player, BlackSoil, said it closed almost 4 times the number of deals in H1-2021 compared to the same period last year, and despite the second wave, disbursements also hit a record high. record level. “A healthy pipeline will ensure that we achieve nearly Rs 300-Rs 350 crore in cumulative venture capital debt disbursements this calendar year,” said Ankur Bansal, co-founder and director of BlackSoil. Ishpreet Singh Gandhi, founder and managing partner of venture credit firm Stride Ventures, observes that startups are also raising debt to fund acquisitions amid high consolidation in some industries, in addition to conventional use cases for funding. working capital and runway extension. “The risky debt market is getting aggressive. In the past month alone, Stride Ventures announced five to six deals, ”he added.
However, while risky debt accounts for about 15% of the total venture capital market in the United States, here in India it is still less than 5% and still has a long way to go.



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Business News | Stock market and stock market news https://lastjeudi.org/business-news-stock-market-and-stock-market-news-2/ https://lastjeudi.org/business-news-stock-market-and-stock-market-news-2/#respond Tue, 13 Jul 2021 09:44:13 +0000 https://lastjeudi.org/business-news-stock-market-and-stock-market-news-2/ Search for quotes, news, net asset values ​​of mutual funds Tata Engines INE155A01022, TATAMOTORS, 500570 ICICI Bank INE090A01021, ICICIBANK, 532174 HFCL INE548A01028, HFCL, 500183 Addiction INE002A01018, RELIANCE, 500325 Kitex Clothing INE602G01020, KITEX, 521248 Search for quotes, news, net asset values ​​of mutual funds Tata Engines INE155A01022, TATAMOTORS, 500570 ICICI Bank INE090A01021, ICICIBANK, 532174 HFCL INE548A01028, […]]]>















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The breakout was accompanied by a sharp increase in volumes. Also, the Oscillator RSI momentum closed above the 70 level indicating that the uptrend is reassured.

Experts see 30% rise in shares of this brokerage firm given technical soundness


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  • Southwest monsoon covers all of India, with a delay of five days: IMD

  • Monsoon session: center to present 23 bills to parliament, crypto bill not listed

  • Hiranandani Group deploys Rs 1,000 crore to develop 2.6 million square feet of retail space in Thane

  • Coronavirus News LIVE Updates: PM Modi to interact with CMs in Tamil Nadu, Andhra Pradesh, Karnataka, Odisha, Maharashtra and Kerala on July 16 on COVID-19 situation

  • India’s rubber imports expected to increase as demand for tires increases, but rain and COVID-19 hit local supply

  • India’s first COVID patient tests positive for coronavirus again

  • Lynda.com’s transition to LinkedIn Learning is now complete

  • This Indian brand now accepts payment in crypto, do cryptocurrencies benefit businesses?

  • Vaccinated but banned: EU says not all COVID vaccines are created equal

  • Yashpal Sharma, member of India’s 1983 World Cup winning team, has died aged 66

  • Zika virus | Two more cases detected in Kerala, count reaches 21

  • Third wave of COVID-19: Don’t allow Kanwar Yatra, IMA urges Uttarakhand CM Pushkar Singh Dhami



Last name Price Switch % variation
Ntpc 119.75 1.90 1.61
Indiabulls Hsg 279.00 8.15 3.01
Sbi 428.70 1.25 0.29
Cafe Tata 192.35 5.75 3.08

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